A recent survey from the National Association of Realtors and SALT found that 71 percent of non-homeowners repaying their student loans on time believe their debt is preventing them from purchasing a home.
Read More »8 Pitfalls to the FHFA’s URLA Changes
Several trade groups and organizations focused on the banking and mortgage industries recently wrote a letter to FHFA Director Mel Watt, concerning a potential last-minute addition to the new Uniform Residential Loan Application.
Read More »Low Rates Bring in the Mortgage Applications
Mortgage rates moved lower this week after a dismal jobs report, sparking buyers to rush to the market and take out a mortgage loan.
Read More »How are Regulations Affecting Small Banks?
The Subcommittee on Economic Growth, Tax, and Capital Access of the Committee on Small Business met Thursday morning to address concerns surrounding the regulatory effect on small banks.
Read More »HUD, First-Citizens Bank Resolve Discriminatory Lending Compliant
HUD announced an agreement Wednesday with South Carolina-based First-Citizens Bank & Trust Company, resolving racial discriminatory lending allegations. See what the bank told MReport regarding the agreement.
Read More »Lenders Approve More Jumbo Loans, But Not to Minorities
Data shows that jumbo loan success and diversity lending do not necessarily go hand-in-hand. Editor's note: The inaugural Five Star Diversity Symposium will be June 16, 2016, at the Belo Mansion in Dallas, Texas. The Five Star Institute is the parent company of The MReport and TheMReport.com.
Read More »FDIC Reaches RMBS Settlement with Eight Institutions
The FDIC has filed a total of 19 RMBS lawsuits on behalf of eight institutions seeking damages for violations to federal and state securities laws.
Read More »How Lenders Should Approach VA Loans
Joe Murin, who is on the Board of Advisors at NewDay USA, sat down with MReport to discuss how lenders can attract veterans to VA loans and ensure their financial stability in the process.
Read More »No Turning Back for Existing-Home Sales
Despite the unfavorable odds including inventory shortages, continued home price appreciation, and stagnant household income growth, existing-home sales continue to emerge triumphant, and that odd-defying trend is expected to continue.
Read More »Why is Originator Profitability Muted?
Although interest rates have been at historical lows, they have been highly responsive to the general level of interest rates, causing originators' profits to suffer.
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